NetEase Inc. (NTES) Trading Up 2.3%
NetEase Inc. (NASDAQ:NTES) was up 2.3% on Thursday . The company traded as high as $217.08 and last traded at $216.87, with a volume of 830,676 shares traded. The stock had previously closed at $211.97.
A number of equities research analysts have weighed in on NTES shares. Deutsche Bank AG boosted their target price on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, June 24th. Brean Capital reissued a “buy” rating on shares of NetEase in a report on Tuesday, August 2nd. Credit Suisse Group AG started coverage on shares of NetEase in a report on Friday, August 19th. They set a “neutral” rating and a $230.00 target price on the stock. Vetr lowered shares of NetEase from a “buy” rating to a “hold” rating and set a $212.23 target price on the stock. in a report on Monday, August 15th. Finally, Zacks Investment Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price on the stock in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. NetEase currently has a consensus rating of “Buy” and a consensus price target of $193.16.
The company has a market cap of $28.31 billion and a P/E ratio of 20.48. The stock’s 50-day moving average price is $205.05 and its 200-day moving average price is $167.94.
NetEase (NASDAQ:NTES) last announced its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $1.06. Analysts expect that NetEase Inc. will post $12.11 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 31st will be paid a $0.78 dividend. This is a boost from NetEase’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Monday, August 29th.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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